Boag snatch to fund Sky City blowout?

by Whaleoil Staff on December 23, 2014 at 12:01pm

There’s a new candidate for who is paying Michelle “The Boagan” Boag and her offsider Cedric “Senile” Allan for their campaign to snatch $2.1 billion in Vector shares from the people of Auckland and South Auckland to give to Lyin’ Len Brown’s council.

Whaleoil still doesn’t quite believe it but it’s overloading the tipline so here goes: The theory is it’sSkyCity casino. Here’s why it could be true.

Since Friday SkyCityhas been saying it needs another $130 million from the government to build its new National Convention Centre. Or else it’ll pull out of the deal. The government has to make the SkyCity deal work because all the rest of its convention centre plan is falling apart.

Steven Joyce seems to be saying he’ll open up some of his trough but not for the full $130 million and wants Auckland ratepayers to front up with the rest.

In a world first, everyone from Lyin’ Len to Dick Quax have lined up and told Joyce to shove it. (The one exception is Cameron “Mr Fiscal Responsibility” Brewer who sounds like he’s had too many nights in the SkyCity corporate box.)

So next year some other “solution” needs to be found or else the convention centre deal will fall over.

Enter The Boagan, Senile, Kim “The Clown” Campbell and Heather “The Shotter” Shotter and their planned campaign to snatch $2.1 billion in Vector shares to give to Lyin’ Len to pay for his trainset and other goodies.

See how this might play out? There’s a couple of months of “where will the money come from?” in the media, then The Boagan steps up with the answer – steal the Vector shares to fund both the trainset and SkyCity.

SkyCity wins both ways. It wants its $130 million cash for the Convention Centre but even more Lyin’ Len’s trainset is planned to have a stop right outside the casino – so people from Otara and Papatoetoe and Clendon can catch the train all the way to the pokie machines on dole day.

You’d have to give it to The Boganif she could pull off such a shameless deal.

So it would make sense if Unsworth does the business for SkyCity in Wellington and Boag does the business in Auckland.

Anyway, someone must be paying The Boagan and Senile. If not SkyCity then who?

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If I was you Cam I wouldn’t be opening any Christmas parcels you may receive from the ” Boagan ” ….. especially if they are ticking……

Champagneshane

I would change the wraping and address and scribble ” return to sender” across the top

Aucky

Won’t this scenario make great ammunition for the MSM along with Little, Peters & Norman?

‘Auckland’s poor lose their annual power payout to fund more Sky City pokies’.

dgrogan

Yeah well… I’m not buying it so far. Sounds about as sort on facts as ‘Dirty Politics’.

Mine it,Drill it,Sell it.

Christine Fletcher Nov 6th 2014

Selling under-performing council assets and reinvesting the money into
sorely needed infrastructure makes good sense and is a necessary part of
meeting the priorities and demands of growth. The assets of the
Auckland Energy Consumer Trust are a perfect example of where there has
been a dogged unwillingness to engage in rationalization.

A cheque will soon be on the way for power consumers in
Auckland, Papakura and Manukau.
A meeting in Auckland on Thursday night cleared the way for some
260,000 power consumers to get an almost $600 windfall.
After months of wrangling, councillors finally agreed to drop a
High Court appeal against the payout of Vector’s $150 million
dividend

Auckland Mayor Christine Fletcher says it is an outcome that
will enable Auckland to move on.

At issue was $31 million which the Auckland, Manukau and
Papakura Councils had argued should not be distributed because it
was not income but came from an asset sale.

However, on Thursday evening all but one of the councillors
voted to drop the appeal and work with the trust to address the
concerns.

The five-member trust will meet on Friday night to discuss how
the money should be shared out.
It has previously indicated consumers could be paid out before
the end of March.

Is she a friend of the Boagans

LabTested

Fletcher is my Councillor. Over the last year or so It has become pretty clear that she is not representing what is best for the people of Mt Eden. I don’t know who I will be voting for next council elections, but I will be voting against Fletcher. She has to go.

Mine it,Drill it,Sell it.

Selling under-performing council assets.She is mad as a cut snake,they are assets owned by power consumers in Auckland,Papakura and Manukau.

MrBarrington

hmmm… if it barks like a dog and walks like a dog then it probably is a dog… also Occam’s razor comes to mind here…. one has to follow the money and all paths lead to Sky City by the looks of it…

I’m no fan of the AECT but I think the shares should be sold down by AECT and the funds paid out to Vector’s customers… not nicked by thieving local bodies and the acolytes!!!

dgrogan

So that would be worth maybe $8,000 – $9,000 each. Surely that wouldn’t be a hard sell to JAFAS. Might help pay rates for 2 or 3 years.